Refinance Your Federal & Private Student Loans

Take Control of Your Debt

Consolidate Federal and Private Student Loan

Back when you were in college, it was easy to just focus on the funds that you needed to borrow for the upcoming semester. But now that graduation is behind you and you’re making your way in the real world, you might have a different view of the ragtag assortment of federal and private loans that you’ve collected over the years to finance your education. It may be quite an inconvenient and overpriced mess.

With LendKey’s student loan consolidation and refinancing, you can combine your federal and private student loans into one convenient payment and lower your monthly payments.

How it works

  • List your existing student loans in your application.
  • Once your application is approved, all of the loans that you’re seeking to consolidate will be completely paid off by your new lender.
  • You’ll now have one new loan reflecting the total of all your combined loans that’s refinanced at a lower rate, with only a single payment to make each month.
  • You can find out if you’re eligible in as little as 15 minutes, and you can use our easy online application to get started.

Why it makes sense to refinance your federal and private student loans:


Make one monthly payment instead of several payments to different lenders, with a refinancing that combines all of your federal and private student loans into a single, simple loan


Use our student loan refinancing calculator to see how much money you can save on your monthly payments over the remainder of your loan by refinancing your federal and private student loans. Many of our lenders offer even more ways for you to save, including:

  • A .25% rate reduction when you sign up for automatic ACH payments (subject to floor rate)!
  • No origination fee!

Fluctuating market conditions

Interest rates can fluctuate and change from year to year. If you’re currently paying high interest rates on your federal and private student loans, you could take advantage of lower interest rates that may not have been available to you a few years ago.

Improved cash flow

Your outstanding federal and private student loans may require a bigger monthly payment than you can afford. Refinancing can help restructure your loan balance to decrease the amount of money that you owe each month, which would put more cash in your pocket to use for living expenses or savings.

Improved credit history

You might be able to increase your chance of getting approved for a refinanced loan (and ramping up your credit score) if you have a creditworthy co-signer. After making 12 to 36 consecutive, on-time, full principal and interest payments, you could be eligible for a co-signer release, depending on the terms offered by your lender.

Some things to keep in mind about student loan consolidation…

Federal student loans may offer you certain benefits, options, and protections that private loans don’t, such as extending the amount of time that you may need to repay your loan, or giving special considerations for members of the military. For instance, the Income-Based Repayment (IBR) program lets some borrowers reduce the amount of their monthly payments due to financial hardship. Check your eligibility for these options before deciding whether you need them or want to keep them. Refinancing your federal student loans into a private loan would result in the loss of these options.